China Natural Resources, Inc. (NASDAQ:CHNR) Sees Large Decline in Short Interest

China Natural Resources, Inc. (NASDAQ:CHNR) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 36,584 shares, a decrease of 19.8% from the March 31st total of 45,594 shares. Currently, 3.9% of the company’s stock are short sold. Based on an average trading volume of 8,432 shares, the days-to-cover ratio is currently 4.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of China Natural Resources in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, China Natural Resources currently has an average rating of “Sell”.

China Natural Resources Price Performance

NASDAQ:CHNR traded down $0.01 during mid-day trading on Thursday, reaching $4.10. The company’s stock had a trading volume of 5,791 shares, compared to its average volume of 561,054. The firm’s fifty day moving average price is $3.89 and its two-hundred day moving average price is $4.10. China Natural Resources has a 12-month low of $3.16 and a 12-month high of $8.20.

China Natural Resources Company Profile

China Natural Resources, Inc, through its subsidiaries, engages in the exploration and mining of metal properties in the People's Republic of China. It explores for lead, silver, and other nonferrous metals. The company holds interest in the Moruogu Tong mine that covers an area of 7.81 square kilometers located in Bayannaoer City, Inner Mongolia. It also offers equipment for rural wastewater treatment; and engineering. The company was incorporated in 1993 and is headquartered in Sheung Wan, Hong Kong.